Last updated 9 months ago
Cardano lacks a liquid composable settlement layer that's fully interoperable with all dApps and DEXs, which prevents users from accessing efficient market making strategies and larger settlements.
Wizard aims to establish a standardized, global, non-custodial liquidity layer that is fully composable with all DEXs and liquidity pools (smart contracts), creating a unified main settlement layer.
This is the total amount allocated to Permissionless Global P2P & Grid trading.
Please provide your proposal title
Permissionless Global P2P & Grid trading
Enter the amount of funding you are requesting in ADA
100000
Please specify how many months you expect your project to last
2
Please indicate if your proposal has been auto-translated
No
Original Language
en
What is the problem you want to solve?
Cardano lacks a liquid composable settlement layer that's fully interoperable with all dApps and DEXs, which prevents users from accessing efficient market making strategies and larger settlements.
Supporting links
Does your project have any dependencies on other organizations, technical or otherwise?
No
Describe any dependencies or write 'No dependencies'
No dependencies
Will your project's outputs be fully open source?
No
License and Additional Information
Not with the MVP launch, later it will be OS.
Please choose the most relevant theme and tag related to the outcomes of your proposal.
DEX
Describe what makes your idea innovative compared to what has been previously funded (whether by you or others).
Wizard introduces a unique, restriction minimized validator and datum structure enabling orders to be created, filled, or partially filled by any address. It supports arbitrary datum types for execution against LPs like SundaeSwap, and integrates grid trading to power advanced, non-custodial market-making. This enhances user experience for manual and automated traders while offering a symbiotic framework for DEXs and dApps to build strategic use cases.
Describe what your prototype or MVP will demonstrate, and where it can be accessed.
The MVP will demonstrate permissionless P2P trading using Wizard’s unique datum structure, enabling unlimited partial fills and multi order execution between any two parties. It will integrate with existing DEX & liquidity pool as well showcase grid-based order placement. Accessible via wizard.market.
In addition building a P2P marketplace for retail users to use via wallets and filled by other users, bots or aggregators from launch.
Describe realistic measures of success, ideally with on-chain metrics.
Please describe your proposed solution and how it addresses the problem
Wizard is building a fully permissionless P2P protocol that brings composable, interoperable, and capital efficient trading directly to the Cardano Layer 1. Unlike traditional DEXs that rely on batchers, custodial routers, or centralized key holders, Wizard allows all orders to be posted and filled directly on CSL using a unique, restriction-minimized validator and datum structure.
This means any user, smart contract, or bot can create, fill, or partially fill orders directly without intermediaries unlocking truly decentralized and modular liquidity. By supporting arbitrary datum types, Wizard enables orders to be deeply integrated with third-party protocols like SundaeSwap LPs, aggregators, or other smart contracts. This makes Wizard a symbiotic infrastructure layer for Cardano’s DeFi ecosystem, rather than a competing silo.
Grid based order placement provides a powerful visual and strategic tool for users to set layered limit orders, boosting both manual and automated trading efficiency. This system lays the groundwork for more advanced market making, decentralized portfolio managers, and future integrations with protocols like Midnight, Midgard, and even Bitcoin Layer 1.
Since all liquidity lives on-chain, any DEX or dApp can access and share it using our open API creating a “global state” of accessible liquidity and reducing the need for fragmented liquidity in siloed LP pools. This composability fosters sustainable DeFi use cases by empowering builders and projects to tap into shared infrastructure instead of reinventing it.
We are already engaged with multiple projects actively exploring integrations, and our smart contracts being functional with test transactions on-chain. The next development phase focuses on releasing the MVP for permissionless P2P trading and launching tools that populate the order book via arbitrage bots, auto-limits, and grid strategies to bootstrap liquidity organically.
In short, Wizard is looking to bring true network effect in to peer-to-peer trading and create a foundational DeFi layer accessible, interoperable, and optimized for sustainable growth across Cardano and beyond.
Please define the positive impact your project will have on the wider Cardano community
Wizard introduces infrastructure that can become foundational for decentralized trading and liquidity coordination across Cardano. By removing custodial barriers and centralized intermediaries, Wizard returns control to users and developers, aligning with Cardano’s vision of a truly decentralized financial system.
Premissionless Global Liquidity Layer
Wizard functions as a non custodial liquidity settlement layer on Cardano L1, allowing any retail users, dApps, aggregators, or trading bots to access and interact with shared liquidity without friction & full composablity. This dramatically improves capital efficiency across the ecosystem and helps consolidate fragmented on-chain liquidity into a global, permissionless orderbook.
This open access also empowers smaller teams and new projects who can now build on top of Wizard’s infrastructure without having to raise their own liquidity. Instead of launching an entirely new DEX or pair with low volume, they can plug into Wizard’s system and focus on innovating user experience or strategy.
Protocol Composability & Interoperability
Wizard is not a competitor to other DEXs it’s a symbiotic infrastructure designed to enhance them. We are already integrating with major DEXs (like SundaeSwap), aggregators, and wallet providers. This composability allows dApps to share liquidity, build novel features without reinventing core trading infrastructure.
Any dApp can access Wizard’s liquidity via our open API and leverage it to improve price execution and reduce user slippage. This encourages a more collaborative DeFi landscape and accelerates Cardano’s ecosystem growth.
Permissionless Market Making
The Wizard protocol allows anyone to become a market maker without needing to be a liquidity provider in a pool. This opens up DeFi participation to a wider audience especially users who want to trade or provide liquidity using limit or grid strategies.
By providing tools like grid trading, auto-limit bots, and partial fill support, we enable users to deploy more sophisticated, risk-managed strategies directly on-chain, with zero protocol fees and full ownership over their funds.
Boosting Innovation
Wizard enables projects to focus on building value added layers (such as interfaces, signals, arbitrage tools,launch pads or DAOs) rather than duplicating trading infrastructure. This lowers barriers to entry and fosters experimentation and innovation especially in regions or communities with limited development resources.
We are already in discussions with other teams building on Cardano who see Wizard as a core piece of infrastructure they can integrate with. That’s validation that this infrastructure fills a real gap.
No Fees. No Friction.
Wizard charges no protocol fees for creating or filling orders. Users only pay Cardano network fees. This keeps the system neutral, accessible,with principals have a long-term ecosystem alignment. It also prevents centralization by design, since the base infrastructure has no profit motivated actor needing to gatekeep liquidity.
While our MVP focuses on Cardano, Wizard is designed to evolve with Cardano’s multichain vision. Future phases will bring integration with Midnight for private trading, Midgard for high-frequency use cases, and even Bitcoin Layer 1 allowing for trustless swaps and liquidity between Cardano and BTC ecosystems.
What is your capability to deliver your project with high levels of trust and accountability? How do you intend to validate if your approach is feasible?
The Wizard team has already demonstrated technical and strategic capabilities with successful test transactions validating order creation, partial fills, and multi party settlements. Already working on adding extension fields to the smart contracts to allow executions against liquidity pools such as on Sundaeswap.
🛠️ Infrastructure Built & Tested
• The core infrastructure & smart contracts are mostly completed for fully functioning MVP.
• Validator scripts allow anyone to post, fill, or partially fill orders directly on CSL without centralized control, intermediaries, or additional permissions.
• We have validated grid order logic and are building interfaces to support automated and manual strategies.
• Our protocol is being actively integrated with major DEXs, aggregators, and wallets providing real validation of demand and feasibility for cross dApp composability.
🤝 Early Integrations & Ecosystem Demand
Wizard is already:
• In direct integration work with SundaeSwap.
• Coordinating with wallet providers and DEX aggregators for seamless P2P interaction from launch.
• Speaking with multiple Cardano based dApps seeking to build on top of Wizard’s orderbook novel financial use cases.
This ecosystem interest validates the need for a shared, global liquidity layer and confirms that Wizard’s infrastructure solves a real bottleneck for both builders and traders and has the best set up to facilitate it in the best way.
🧑💻 Team Capabilities
• The Wizard team has deep experience with Plutus, Aiken.
• We have built working contracts already and are capable of expanding the protocol to support grid trading.
• Our development is agile and prepared to iterate on protocol versions based on testnet performance and partner feedback.
🔍 Open, Transparent Development
We intend to maintain full transparency during development:
• Code repositories and smart contracts will be externally audited.
• All infrastructure is non-custodial by design users never lose ownership of their funds through out the full life cycle.
• MVP access will be public via wizard.market (already secured as our deployment domain).
• Progress will be published via social channels and dashboards with real on-chain metrics.
📈 Clear Technical Milestones
1. Global P2P MVP on Cardano L1
• Demonstrates peer-to-peer orders, partial fills, and seamless integration with other DEX LPs.
2. Grid Trading & UI
• Adds flexibility for passive and active market makers using visual order placement for better UX
✅ Why We Can Deliver
• We’ve already have poc of working smart contracts and a functional order execution framework.
• We’re already collaborating with the largest DEXs and key wallets so this isn’t theoretical.
• Our infrastructure has no protocol fees, which aligns incentives and encourages adoption from across the ecosystem.
• The validator and datum logic we use are designed for future upgrades, including Midnight and BTC L1 compatibility, making Wizard a long-term infrastructure play.
In summary:
Wizard isn’t a concept it’s a protocol with real demand, working contracts, and active integrations. We’ve proven feasibility with test tx validation and are ready to deliver the MVP and grid features quickly. With community funding, we can accelerate this delivery, expand tooling, and create the foundation for advanced, premissionless, and decentralized trading across Cardano.
Milestone Title
Tetnet deployment & Security audit
Milestone Outputs
• Complete deployment of Wizard P2P smart contracts & interface on Cardano testnet
• Conduct thorough internal and external security audits to ensure protocol safety
• Run extensive test transactions covering order creation, partial fills, and multi-party settlements
• Prepare documentation and testnet user guides for community and partner testing
Acceptance Criteria
• All smart contracts are deployed and stable on testnet
• Security audit reports (internal and external) completed with identified issues resolved
• Successful execution of test orders like partial fills without errors
• Feedback from initial community testers collected and addressed
Evidence of Completion
• Published audit reports made publicly available
• Testnet transactions demonstrating composable P2P orders
• Testnet deployment verified via blockchain explorers
• Documentation and user guides accessible via project website or Wizard socials
Delivery Month
1
Cost
25000
Progress
80 %
Milestone Title
Mainnet MVP Launch
Milestone Outputs
• Deployment of MVP smart contracts on Cardano mainnet
• Launch of a public-facing web interface at wizard.market for order placement and execution
• Integration with major Cardano wallets and DEX aggregators for seamless user experience
• Enable permissionless order creation, partial fills, and direct interaction with other DEX LPs
Acceptance Criteria
• MVP contracts deployed and fully operational on mainnet
• Web interface functional and accessible to users
• third party dApp integrated and tested for order execution
• Early adopter feedback collected and incorporated in UI/UX improvements
Evidence of Completion
• Verified mainnet transactions showing real user order creation and fills
• Website publicly available and operational
• Partnership announcements or integration confirmations with wallets/aggregators/Dexs
• User testimonials or analytics showing MVP usage
Delivery Month
2
Cost
50000
Progress
70 %
Milestone Title
Grid Trading
Milestone Outputs
• Deployment of a grid trading user interface allowing users to place multiple P2P buy/sell limit orders on a price grid
• Smart contract enhancements to support management of multiple simultaneous orders
• Enable manual control of grid order placement for advanced trading strategies
• Integration of grid trading features into the existing web interface at wizard.market
Acceptance Criteria
• Users can successfully place, modify, and cancel multiple grid orders on-chain
• Grid trading UI is fully functional and user-friendly
• On-chain transactions reflect accurate order statuses
• Positive user feedback and testing reports validating grid trading usability
Evidence of Completion
• Recorded on-chain transactions showing multiple grid orders executed and managed by users
• Publicly available web interface with grid trading features deployed
• User testing reports or testimonials supporting feature stability and usability
• Release notes or demos showcasing the grid trading workflow
Delivery Month
2
Cost
25000
Progress
40 %
Please provide a cost breakdown of the proposed work and resources
Total requested: 100,000 ADA
This funding will be used to complete Wizard’s P2P infrastructure MVP, including testnet deployment, mainnet launch, and the development of grid-based trading features.
Budget: 25,000 ADA
Purpose:
• Deploy working MVP on testnet
• Conduct security testing
• Cover audit-related costs
• UX adjustments and validator improvements
Resources:
• Developer hours for debugging and final integration
• External smart contract auditing partner
• Testing coordination with partners and early users
Budget: 50,000 ADA
Purpose:
• Deploy and maintain the MVP on Cardano mainnet
• Integrate with wallets, aggregators, and DEXs
• Backend scaling and infrastructure
• Community testing and support
Resources:
• Developer compensation
• Infrastructure (servers, hosting, monitoring)
• UI/UX refinements
• Integration support with ecosystem partners
Budget: 25,000 ADA
Purpose:
• Implement grid-based trading logic on-chain
• Build frontend UI for grid placement and management
• Prepare for future extensions for automated features using grid.
Resources:
• Developer time (smart contract logic + UI/frontend)
• Testing on testnet and coordination with early users
• UX improvements for ease of use
This budget is lean and designed for fast execution with high transparency. Any unused funds will be allocated to continued development and community feedback integration.
How does the cost of the project represent value for the Cardano ecosystem?
The funding requested for Wizard represents exceptional value for the Cardano ecosystem because it directly supports the development of foundational infrastructure with the potential to become the decentralized settlement and liquidity layer standard for all Cardano dApps and users to use in a trustless and premissionless model.
Learning from Past Attempts
Several projects have attempted to building orderbooks, decentralized liquidity protocols, or alternative market making tools on Cardano and other blockchains. While technically impressive, many have failed to gain broad adoption due to factors such as:
• Overly complex user experiences that limit retail user participation
• Reliance on centralized batchers or custodial intermediaries that contradict decentralization goals
• Fragmented liquidity due to siloed pools or fee heavy protocols, limiting capital efficiency
• Lack of composability, forcing dApps to rebuild infrastructure rather than easly integrate
These shortcomings have created a critical gap in Cardano’s DeFi infrastructure that Wizard is uniquely positioned to fill.
Why Wizard is Different and Better
as a Truly Permissionless & Composable Infrastructure
Wizard’s core innovation is its restriction minimized validator and datum design, enabling arbitrary orders and partial fills directly on the Cardano ledger (CSL) with no centralized intermediaries or batchers. This full on-chain execution makes it the a truly permissionless P2P protocol that can serve as a shared liquidity and settlement layer for any dApp or wallet.
Only Network Costs
Unlike many liquidity and market-making protocols that charge fees, Wizard does not impose any protocol fees for order creation or execution. Users pay only network fees, making the platform accessible to a broad audience promoting wide adoption.
Deep Ecosystem Integration & Synergy
We are already working closely with top DEXs (like SundaeSwap), aggregators, wallets, and other dApps eager to integrate Wizard. This ecosystem "buy in" validates the demand for a shared, composable liquidity protocol rather than isolated projects competing for scarce capital.
User-Centric Trading Tools
By integrating grid trading and preparing for advanced features like auto-limit bots and decentralized portfolio management, Wizard empowers both novice users and sophisticated market makers. This combination promotes organic liquidity growth and improved trading experiences, increasing retention and network effects.
Sustainable Long-Term Vision
Wizard is designed to evolve with Cardano’s ecosystem from Cardano mainnet to Midnight and Midgard, and eventually cross-chain with Bitcoin Layer 1. This long-term perspective ensures that investments today contribute to infrastructure that can serve Cardano’s multichain future long term.
Impact vs. Cost
The 100,000 ADA requested funds will unlock:
• A working, permissionless P2P orderbook protocol with a frineldy interface live on Cardano mainnet
• Integration with multiple ecosystem partners, amplifying the value and use case
• User-friendly, composable market-making tools that lower barriers to DeFi participation
• Infrastructure supporting future innovations in DeFi and can be come a standard across UTxO chains.
Given the foundational nature of Wizard’s infrastructure and the ecosystem wide impact it will have, this funding is a highly leveraged investment. Rather than duplicating liquidity or creating fragmented pools, Wizard consolidates liquidity in an open, permissionless system accessible to all just like in the real world just trustless and more composable.
Comparison to Alternatives
While similar projects have asked for larger budgets without delivering meaningful adoption or integrations, Wizard’s modest budget and proven technical progress (with tested smart contracts and existing partner integrations) demonstrate efficiency and readiness.
The value offered by Wizard is not limited to a single app or token, but rather the shared infrastructure that benefits the entire Cardano ecosystem developers, users, and projects alike.
In summary:
Wizard’s cost is justified by its transformative potential as Cardano’s decentralized settlement and liquidity protocol. It learns from past failures and delivers a scalable, composable, and user-friendly solution that will significantly enhance liquidity, capital efficiency, and DeFi usability across Cardano. This makes the project an excellent value proposition for Catalyst funders and the wider community.
Terms and Conditions:
Yes
Benny Porat (x.com/bambaeutxo)) - Founder
Benny leads the project’s vision, business development, and user experience direction. oversees the protocol’s integrations, partnerships, and community facing initiatives, as well as shaping the product’s UI/UX alongside design contributors and ensuring network effect.
Dominik Zachar ( x.com/dzcodes ) - CTO Lead Developer
Dominik is responsible for coordinating development and backend implementation, ensuring performance, reliability, and seamless integration across all user and developer interfaces.
Collaborators:
• TxPipe Labs: We collaborate with highly experienced Aiken and Plutus developers to build secure and efficient on-chain and off-chain smart contracts.
• Branding Studio: A creative partner supporting the visual identity of Wizard across platforms.
• DeFi experienced UX Designer: crafting of intuitive and engaging user flows and interfaces, aligned with the needs of both retail and advanced DeFi users.
Together, this team is capable of rapidly delivering and iterating on Wizard’s infrastructure with a high level of trust, transparency, and proven progress.